Annuity Hound

These types of annuity offer higher rates of return to people with medical conditions or lifestyles that reduce their life expectancy.

Enhanced annuities in the UK were initially limited to smokers however the categories of person now able to benefit from these preferential annuity rates include the clinically obese, those suffering from diabetes and even so called ‘blue collar’ workers.

Underwriting for this category of annuity is carried out via a score card system, avoiding costly medical examination and testing. The increase in annuity rates of return can be well into double digits compared to ‘normal’ annuity rates.